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Message
State Farm declares a $5 billion dividend for auto policy holders
Posted on 2/26/26 at 6:45 pm
Posted on 2/26/26 at 6:45 pm
quote:CNBC
State Farm on Thursday announced a historic $5 billion dividend for its car insurance members, the largest in the mutual insurance company’s 103-year history.
“This dividend is possible due to State Farm Mutual’s financial strength and a stronger than expected underwriting performance, which has been reported industry wide,” the company said in a statement.
Customers can expect to receive refunds of $100 on average, though State Farm says the amount will vary by state and by the amount of premium paid.
State Farm reports it has also lowered premiums by about 10% across 40 states, totaling $4.6 billion in cost savings for customers.
That’s a trend across the motor vehicle insurance industry. Auto repair costs are starting to decline, and the frequency of accidents declined in 2025.
8
Posted on 2/26/26 at 7:02 pm to bigjoe1
quote:
Auto repair costs are starting to decline, and the frequency of accidents declined in 2025
Posted on 2/26/26 at 7:48 pm to bigjoe1
Imagine if they didn't waste so much money on this shite commercials
Posted on 2/26/26 at 8:51 pm to bigjoe1
They called me 2 days ago and said my renewal went down $80 a month starting April 1st.
Posted on 2/26/26 at 9:25 pm to bigjoe1
quote:
Auto repair costs are starting to decline, and the frequency of accidents declined in 2025.
Well this would be welcome news. Can only take getting bent over by my auto, health, and home insurance so many times each year. Maybe we're seeing the impacts of deporting all the uninsured illegals. That thread from yesterday comes to mind about the traffic in Kenner being much better after ICE came to town
Posted on 2/26/26 at 10:14 pm to Neauxla_Tiger
Could be illegals.
It could be that all of the safety features on cars are actually starting to help.
It could be tort reform, which takes a few years to cycle through the court system.
It could be that all of the safety features on cars are actually starting to help.
It could be tort reform, which takes a few years to cycle through the court system.
Posted on 2/27/26 at 7:15 am to meansonny
quote:
Analytical Study Estimates 43 to 68 Percent Fewer Rear-End Crashes for Vehicles with Automatic Emergency Braking and Forward Collision Warning Systems.
Automatic forward braking makes a huge difference
US DOT Source
Posted on 2/27/26 at 7:54 am to bigjoe1
This is because they decline nearly every roof claim.
Posted on 2/27/26 at 8:05 am to Billy Blanks
Incorrect. This dividend is being paid out by State Farm Mutual to their auto customers. Roof claims are insured and paid out under State Farm Fire and Casualty. The sign and brand may be the same, but the auto rate adjustments/dividends have nothing to do with homeowners and vice versa
Posted on 2/27/26 at 8:47 am to UltimaParadox
quote:
Imagine if they didn't waste so much money on this shite commercials
imagine if you understood how powerful those commercials are and brainwashed half the state farm clients actually are.
Posted on 2/27/26 at 9:42 am to bigjoe1
more like, we screwed so many out of so much we can afford to pay this
Posted on 2/27/26 at 9:46 am to bigjoe1
I switched from State Farm to Allstate back in 2023 because State Farm wanted to raise my wife and I's 6 mo premium from $2k previously to $3.2k...almost a $1,200 (or $200/mo) uptick on the same 3 vehicles we always had with no new tickets
We went to Allstate for $1.3k/6mo at the time
We'd probably be over $3,500/6mo with State Farm at this point
Enjoy your $100 though
We went to Allstate for $1.3k/6mo at the time
We'd probably be over $3,500/6mo with State Farm at this point
Enjoy your $100 though
Posted on 2/27/26 at 3:13 pm to Billy Blanks
You’re right; however, we sued them and they paid out. This is the way.
Posted on 2/27/26 at 5:02 pm to Billy Blanks
quote:
This is because they decline nearly every roof claim.
If you have roof claim on an auto it's usually a total loss
Posted on 2/28/26 at 7:16 am to bigjoe1
Insurance co.panels should not pay large dividends.
Maybe their premiums are too high?
Its a racket.
Maybe their premiums are too high?
Its a racket.
Posted on 2/28/26 at 7:28 am to Billy Blanks
quote:
This is because they decline nearly every roof claim.
I live in Hail Alley here and had 3 roof replacements in the last 11 years. They've never declined a claim and in fact have been very easy to work with on those claims.
However - I imagine the raised rates after the natural disasters we've had recently and the fact we haven't had any catastrophic hurricanes or mega-tornadoes ripping through metropolitan areas in a good while have contributed greatly to their liquid assets.
Posted on 2/28/26 at 8:09 pm to KWL85
You know nothing about insurance
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